What HUD offices serve Triangle, Virginia?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Virginia Public Housing and Low-Income Apartments Waiting Lists page for openings near Triangle.
How many renters live in Triangle, Virginia?
The City of Triangle has 10,886 people living in 3,293 households.
There are 2,713 renters living in 1,146 renter households in this City. Renters make up 24.92 percent of the population living in Triangle.
What is the rental market like in Triangle, Virginia?
There are an estimated 3,503 housing units in the Triangle area. Of these, 1,302 units are rental homes, making up 37 percent of the housing market. For every renter household in Triangle, Virginia, there are 1 rental units.
What is the vacancy rate for rentals in Triangle?
The rental vacancy rate in Triangle is 12 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Triangle for each bedroom size?
Occupied Rental Units by Size in Triangle
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 74 | 228 | 538 | 251 | 39 |
Occupied Rental Units by Size in Triangle
A large number of apartments in Triangle have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Triangle are overburdened by housing costs?
Among renter households in this market, 46 percent have housing cost burden. Further, 34 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Triangle
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,772 to $3,015. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,772 |
| One BR | $1,803 |
| Two BR | $2,045 |
| Three BR | $2,544 |
| Four BR | $3,015 |
2024 Fair Market Rents in Triangle, Virginia
How many units are rented at Fair Market Rent (FMR) in Triangle?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 74 | 100 percent |
| One BR | 207 | 91 percent |
| Two BR | 338 | 63 percent |
Rental Units Below FMR in Triangle, Virginia
How many affordable rental units are in Triangle?
There are a variety of federal affordable housing programs serving households in Triangle, Virginia including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 348 |
| Section 811 Supportive Housing for Persons with Disabilities | 20 |
Tracked Units by Federal Program in Triangle, Virginia
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Triangle, Virginia
Triangle features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Triangle, Virginia
There are 617 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Triangle.
Housing Choice Vouchers in Triangle, Virginia
On average, Section 8 Housing Choice vouchers pay Triangle landlords $1,300 per month towards rent. The average voucher holder contributes $400 towards rent in Triangle.
The maximum amount a voucher would pay on behalf of a low-income tenant in Triangle, Virginia for a two-bedroom apartment is between $1,841 and $2,250.
Sourced from federal housing data and AffordableHousingOnline.com research.
